I take care of HR for a small organisation and I am based in Malaysia . We have a branch in India which will be closing down soon. We only have about 3 employees there. Can someone please advice me on the procedures and laws that I should be aware of in India for retrenchment. The employees are professionals and only 1 person might be retrenched first. Should I inform any government authority just for 1 person?
The minimum severance according to IDA is 15 days for every year of service (completed). how do I calculate the 15 days? is it 15/number of days in a month 30? May I also know how is daily rate calculated. His notice period is 3 months, do we need to pay on top of this 3 months?
The minimum severance according to IDA is 15 days for every year of service (completed). how do I calculate the 15 days? is it 15/number of days in a month 30? May I also know how is daily rate calculated. His notice period is 3 months, do we need to pay on top of this 3 months?